Q:Hi, Mumbaikars should now get ready for more expensive homes after Maharashtra Chief Minister issued a notice, expanding both the premium amount and the floor space index (FSI) in Mumbai's rural areas.
Latest Answer: It is absolutely true and the reason that Mumbai's suburbs have an inflated inventory of 40000 unsold apartments. The residential market had begun to show some signs of reducing, as developers had started to marginally reduce rates to offload this inventory. However, after this announcement, developers are likely to roll back their decreased rates leading to further drawback in home sales.
